Global| Jun 24 2010U.S. CASH Index Slips In June But Remains Improved Y/Y
by:Tom Moeller
|in:Economy in Brief
Summary
The CASH Index is produced by the RBC Financial Group. It stands for Consumer Attitudes & Spending By Households. And what the overall index does is move much like the University of Michigan's Index of Consumer Sentiment, but its [...]
The CASH Index is produced by the RBC Financial Group. It stands for
Consumer Attitudes & Spending By Households. And what the overall
index does is move much like the University of Michigan's Index of
Consumer Sentiment, but its components differ. During June, the index
gave up gains during the two prior months but still remained up sharply
from the year ago level and from yearend '09.
Since its beginning in 2002 the overall index level has a 62% correlation with the change in real GDP.
Weakness in the overall June CASH index was due to declines in both the current conditions and expectations components. However, the up-trends in both series remained in place. In addition, there were slight declines in the Jobs and Investment indexes, but the uptrend in each component remained intact.
The RBC CASH Index is available in Haver's SURVEYS database.
| National
RBC CASH Index (Jan 2002 = 100, NSA) | June | May | April | June'09 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|
| Index | 58.4 | 72.7 | 64.6 | 34.3 | 30.0 | 36.1 | 82.6 |
| Current Conditions | 61.5 | 63.6 | 66.5 | 23.8 | 28.2 | 46.0 | 99.4 |
| Expectations | 49.6 | 74.2 | 78.0 | 40.9 | 19.5 | -12.4 | 34.3 |
| Jobs | 73.7 | 74.2 | 74.9 | 47.6 | 50.9 | 88.7 | 12.2 |
| Investment | 71.1 | 73.8 | 75.3 | 34.4 | 37.2 | 51.1 | 91.1 |
Tom Moeller
AuthorMore in Author Profile »Prior to joining Haver Analytics in 2000, Mr. Moeller worked as the Economist at Chancellor Capital Management from 1985 to 1999. There, he developed comprehensive economic forecasts and interpreted economic data for equity and fixed income portfolio managers. Also at Chancellor, Mr. Moeller worked as an equity analyst and was responsible for researching and rating companies in the economically sensitive automobile and housing industries for investment in Chancellor’s equity portfolio. Prior to joining Chancellor, Mr. Moeller was an Economist at Citibank from 1979 to 1984. He also analyzed pricing behavior in the metals industry for the Council on Wage and Price Stability in Washington, D.C. In 1999, Mr. Moeller received the award for most accurate forecast from the Forecasters' Club of New York. From 1990 to 1992 he was President of the New York Association for Business Economists. Mr. Moeller earned an M.B.A. in Finance from Fordham University, where he graduated in 1987. He holds a Bachelor of Arts in Economics from George Washington University.
More Economy in Brief
